DALLAS, September 30, 2022--The board of directors of AT&T Inc.* (NYSE:T) today declared a quarterly dividend of $0.2775 per share on the company’s common shares.
There have been few market downturns in recent memory as exasperating as the one we're currently experiencing. The S&P 500 and the Nasdaq Composite indexes are firmly in bear market territory for the year, and with the Dow Jones Industrial Average down more than 18%, it's hovering just above that threshold. The Federal Reserve just raised interest rates by 75 basis points for the third time in a row and has signaled that equally steep increases are coming.
Dividends are great tools for investors and can be even more helpful during volatile market periods like this one. Not only are dividends yours once they pay out, but you can reinvest them in more shares to compound your gains. AT&T is the largest U.S. wireless carrier in the U.S., with 44% of the market.